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Why does limited liability offer protection to the owners of a business?

Why does limited liability offer protection to the owners of a business?
asked 39.3k views
0 votes
Why does limited liability
offer protection to the
owners of a business?

asked
User Rducom
by
8.1k points

1 Answer

4 votes
Limited liability offers protection to the owners of a business because this keeps their goods safe. This way their business it at a lower risk of failing, and them becoming bankrupt.
answered
User Abhishek Kumawat
by
8.2k points
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